Member NewsFlash: Tuesday, 4.21.2020

1 . Senate passes $484B coronavirus relief package
The Hill | April 21, 2020 | by Jordain Carney
The Senate on Tuesday approved roughly $484 billion in new coronavirus aid for small businesses and hospitals and more funding for testing, ending a lengthy battle over the size and contents of the package. 

The agreement was passed by a voice vote after days of negotiations between congressional Democrats and Treasury Secretary  Steven Mnuchin , with the talks lasting until approximately midnight on both Sunday and Monday. 

The deal includes an additional $310 billion for the Paycheck Protection Program, including $60 billion specifically for community banks and smaller lenders, as well as $75 billion for hospitals, $25 billion for testing and $60 billion for emergency disaster loans and grants, according to a summary obtained by The Hill.



2 . Join our campaign! 1,931 advocates and counting
Take two minutes to write to Congress to push for economic relief that will address our industry's unique concerns. So far 1,931 individuals have sent 11,415 letters to Congress. Please join us!

3 . Welcome! Ohio Motorcoach Association formed
Motorcoach operators in Ohio have banded together to launch a statewide association, the Ohio Motorcoach Association, according to a report today on Spectrum News 1. Ben Bolog a fifth-generation owner from US Coach in Alliance, Ohio is one of the leaders of the new group. They intend not only to be a voice for operators, but also to stand up for the employees working in the industry.

4 . How to talk to your team when the future is uncertain
Harvard Business Review | April 20, 2020 | by Rebecca Knight

As the coronavirus pandemic escalates and disruptions to business-as-usual continue, managers are  grappling with the unknown . You don’t know when your employees will be able to return to the office or how different things will be when they do. Regardless, you need to be in constant communication with your team. What information — and how much of it — should you share with your reports about the health of your organization? How can you be candid about the possibility of pay-cuts and layoffs without demoralizing your team? And, during this period of uncertainty, how can you offer assurance without giving people false hope?

What the Experts Say

The Covid-19 pandemic is an unprecedented event in modern history. And yet, according to Paul Argenti, Professor of Corporate Communication at the Tuck School of Business at Dartmouth College, the experience of managing through it is not necessarily unique.
Similar to other crises, such as 9/11 and the global financial downturn, workers feel scared and worried. “ Uncertainty triggers fear ,” he says. “People are freaking out and wondering, ‘What does this mean for my company, my job, and my future?’” Your role as a manager is to “project confidence and strength.” Even though the situation is fast-moving and you don’t have perfect information, you need to be honest about what you know, says Amy Edmondson, the Novartis Professor of Leadership and Management at Harvard Business School. “Task one is transparency,” she says. Explain to your team, “here’s what we do know, here’s what we don’t know, and this is what we are doing to close that gap.” Your second task is to “articulate a sense of possibility and hope.”

Explain to your team, “here’s what we do know, here’s what we don’t know, and this is what we are doing to close that gap.”

5 . Leading your company through crisis: Town Hall on Thursday
Jim McCann
Michael Sovacool
We will get through this. Join UMA colleagues to learn how to lead your company through crisis, during a UMA weekly online Town Hall meeting, Thursday, April 23 at 2 p.m. ET.

Jim McCann , a successful business advisor from Spader Business Management will share his insights and expertise, and we'll explore the latest developments in economic relief legislation for small business.

With an assist from Phillip Sokolov from Wells Fargo Bank, we will also have Michael Sovacool , Deputy District Director of the San Diego District Office of the U.S. Small Business Administration, to discuss funding through SBA programs.

If you have questions to pose in advance, email Ken Presle y by Thursday morning.

Stay informed
Every Thursday at 2 p.m. ET on the Zoom platform. Join from your computer or phone.
Resources, news and important links for advocacy, SBA grant and loan programs, and more

UMA COVID-19 Action Center

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Business owners like you have a lot of decisions to make and you need the right information to proceed with everything from payroll protection to business loans and reaching out to advocate for our industry. Use the following links to connect with the resources you need for leading your company through this crisis. 

Have a question? Email your UMA staff at info@uma.org. 

Compensation___Benefits

SBA_RESOURCES

ADVOCACY_ACTIONS

Tell_our_story

Paycheck Protection Program Application (U.S. Dept. of Treasury Document)

Small Business Paycheck Protection Program (U.S. Dept. of Treasury Document)

U.S. paid leave requirements

Paycheck Protection Plan

How to handle layoffs and furloughs

 

Economic Injury Disaster Loan Program

SBA Express Bridge Loans

Guidance for Businesses and Employers

SBA Products and Resources

Government Contracting

Local Assistance

Bus & Motorcoach News: Bus and motorcoach associations call on Congress for immediate action

Action Call: Send a letter to your Congressional Delegation using our online platform

 

UMA Video: Economic Impact of the Motorcoach Industry

UMA Infographic: Motorcoach Industry by the Numbers 

Videos from operators around the country